Tesla Inc on Wednesday confirmed that finance executive Justin McAnear is leaving the electric-car maker as it strives to become profitable by the end of the year.
Word that McAnear was to depart followed chief accounting officer Dave Morton’s departure after just a month on the job, citing the company’s frenetic pace.
“Several weeks ago, I announced to my team that I would be leaving Tesla because I had the chance to take a [chief financial officer] role at another company,” McAnear said in a statement. “This was simply an opportunity I couldn’t pass up.”
McAnear said that he is working with the Tesla team to smooth the road for his departure early next month.
The company last week said in a blog post that human resources chief Gabrielle Toledano is not returning as initially planned from a leave of absence.
The California-based company has been under heightened scrutiny since cofounder and chief executive Elon Musk tweeted on Aug. 7 that he was considering taking Tesla private, only to reverse the plan two weeks later.
The quick U-turn prompted a US securities investigation and a class-action lawsuit alleging that Musk was trying to punish investors who bet against the company.
“Since I joined Tesla on Aug. 6, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations,” Morton said in a securities filing. “As a result, this caused me to reconsider my future.”
Musk last week in a podcast interview with comedian Joe Rogan he drank whiskey and took a puff of a marijuana-and-tobacco cigarette as he spoke on an array of topics from artificial intelligence to climate change and colonizing space.
The appearance was the latest unorthodox move by Musk, who has often surprised investors with unpredictable behavior as Tesla has sought to live up to manufacturing targets for its Model 3 electric car.
Tesla shares were up 3.9 percent to US$290.54 at the close of formal trading in the US on Wednesday.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied